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The following data pertain to an investment proposal made to Simple Corporation: Cost of equipment needed for the investment $ 36,000 Annual cash cost savings
The following data pertain to an investment proposal made to Simple Corporation:
Cost of equipment needed for the investment | $ 36,000 |
Annual cash cost savings | $ 12,000 |
Annual depreciation on the equipment | $ 5,000 |
The simple rate of return of the proposed investment is closest to:
Multiple Choice
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41.7%
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19.4%
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29.3%
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33.3%
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